13/02/2015 (The Star) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Friday Feb 13.
   
FUNDAMENTALS
* Malaysian palm oil futures edged up on Thursday, snapping three days of decline, as weakness in the ringgit and the announcement that Malaysia will
resume taxing palm exports encouraged buying.
* Soybean futures firmed on Thursday on signs that export demand for U.S. supplies remained robust despite expectations of bumper harvests in Argentina
and Brazil, traders said.
* Oil prices rallied sharply on Thursday after two days of losses as news of deeper industry spending cuts and a sinking U.S. dollar revived buying.

MARKET NEWS
* Major U.S. and European equity indices rallied to multiyear or record highs on Thursday after a cease-fire between Russian separatists and Ukrainian forces,
and surprisingly aggressive stimulus by Sweden's central bank, cheered global markets.

RELATED
> U.S. Corn Belt farmland values down 3 pct in 2014, first fall since 1986 - Chicago Fed 
> INTERVIEW-Bunge reduces soy pipeline to China after overestimating demand
> Bunge quarterly profit disappoints again on hedging losses  
> Brazil government cuts country's soy forecast after dry weather 
> Wilmar Q4 net profit rises 8.7 pct, 2014 profit beats forecast
   
DATA/EVENTS
> Cargo surveyors Intertek Testing Services and Societe Generale de Surveillance to release data on Malaysia's Feb 1-15 palm oil exports on Feb. 16

  Palm, soy and crude oil prices at 0014 GMT
                                                                   
  Contract        Month    Last   Change     Low    High  Volume
  MY PALM OIL      FEB5       0    +0.00       0       0       0
  MY PALM OIL      MAR5       0    +0.00       0       0       0
  MY PALM OIL      APR5       0    +0.00       0       0       0
  CHINA PALM OLEIN MAY5    4936   +36.00    4890    4946   99836
  CHINA SOYOIL     MAY5    5526   +48.00    5480    5526   90328
  CBOT SOY OIL     MAR5   31.99    +4.50    0.00    0.00       0
  INDIA PALM OIL   FEB5  457.00    +4.50  448.70  457.30    1686
  INDIA SOYOIL     FEB5  616.50    +6.95  606.50  616.50    7205
  NYMEX CRUDE      MAR5   51.18    -0.03   51.14   51.37    1239
                                                                   
  Palm oil prices in Malaysian ringgit per tonne
  CBOT soy oil in U.S. cents per pound
  Dalian soy oil and RBD palm olein in Chinese yuan per tonne
  India soy oil in Indian rupee per 10 kg
  Crude in U.S. dollars per barrel